We did see 106. 105.6 is the 68.1% retracement from spy 218 to spy 354. Or whatever that correlates to Apple. I’m confident that Apple is going to touch base to 85 by next week
I actually did this today. Though not as big. Bought spy puts. Rode them down a bit sold for like 100 profit. It spiked I bought some calls and pissed away my gains. Then hopped back into puts right before the rug ripped out and it dipped from 330 to 327 in 2 fucking minutes. Was up like 400 bucks and held ended up selling for like 60 profit lol
Yeah that's what you learn especially with options. Hogs get fed, pigs get slaughtered. Gotta realize profit now is future profit. Take what you solidly have.
Was up what could be life changing money but saw the theory of it being a buyout instead. Same thing I've done on SPY options too, just 1 more dollar up then I'll sell bit got fucked on the rug pulls.